CyberTrust – A secured Crypto Bank
Website:https://www.cybertrust.io/
With Bitcoin getting popularity with its explosive growth, Banks and investment capital sector companies are not having any IT infrastructure to manage private key security in cryptocurrencies. CyberTrust delivers a simple way of managing digital assets by bridging the gap between investment markets and crypto world. It eases the process of converting cryptocurrencies to derivative financial assets, thereby fostering the adoption of cryptocurrencies. This influx of transition between the fiat assets and the legitimate cryptocurrencies will attract investment capital companies to buy
CABS token of CyberTrust
CyberTrust will pave the way for the capital markets to purchase the bitcoins and secure them with CABS tokens. These tokens enable the crypto user to securitize one bitcoin or other equivalent cryptocurrencies.
Secure your crypto coin with CyberTrust
Currently, cryptocurrencies do not have ownership and there is a risk of cybersecurity breach. CyberTrust invented a solution by creating Global Crypto Notes (GCN) each having a registered International Securities Identification Number (ISIN). GCNs have security claim for the crypto asset. GCNs can be audited by the Global accounting firms.
The crypto users can create a GCN for their cryptocurrencies and then register for the ISIN for each GCN. Settlement of GCN can be done within the Clearstream banking which is the “Bank of Banks”.
Sooner, CyberTrust will evolve as the crypto asset custody and securitization platform powered by the banks. It is as simple as opening a bank account and then securing our fiat currencies. The crypto users open an account in the CyberTrust and then deposit their cryptocurrencies. Then the user has to secure their cryptocurrency by purchasing the CABS token at 2.5% premium rate of the cryptocurrencies. The user finally gets a GCN into their account in exchange for their deposited BTC. When required, the user can convert the GCN back to their cryptocurrencies.
CABS Tokens – A legal secured cover for Bitcoins
CyberTrust will be acting as a custodial bank for the crypto assets and offers the legal claim of the crypto assets through Global Crypto Notes. All the funds received during the ITO will go towards the development of CABS tokens and GCNs. CABS tokens are software with cryptographic elements and do not form a loan to CyberTrust. The tokens are just a legal asset and cannot be considered as a share of the company’s share. The token value is highly volatile and may reach a value of zero over a period of time. Hence CyberTrust is not responsible for any change in the value of CABS token. The receipt of the tokens are subjected to the tax considerations and the CyberTrust is not responsible for any tax miscalculations or repercussions.
This investment strategy neutralizes the risks of US dollars and other fiat currencies. This is just a static exposure and does not try to strengthen or weaken any of the investments. The market of the securitized BTC is operating at a premium price to the underlying BTC.
Roadmap
CyberTrust roadmap is to integrate to the clearstream via the paying agent. Its vision is to make the GCN, Bitcoin and Ether get approved by the fully regulated bank and gets listed on the market worldwide.
For more details visit:
Website:https://www.cybertrust.io/
Whitepaper:https://www.cybertrust.io/CyberTrust-WhitePaper.pdf
Written by:karanj
Btalk link:
https://bitcointalk.org/index.php?action=profile;u=1030341